Federal Direct Loans
Loan Limits New for 2008 -09
Effective July 1, 2008, Direct Loan limits for students are increased as follows:
Maximum Annual Loan Limits
| Dependent Students | Base amount | Additional unsubsidized loan amount | |
| Prior to July 1, 2008 | Effective July 1, 2008 | ||
| Freshmen | $3,500 | $0 | $2,000 |
| Sophomore | $4,500 | $0 | $2,000 |
| Junior or Senior | $5,500 | $0 | $2,000 |
| Independent and Dependent Students Whose parents cannot borrow PLUS Loan | Base amount | Additional unsubsidized loan amount | |
| Prior to July 1, 2008 | Effective July 1, 2008 | ||
| Freshmen | $3,500 | $4,000 | $6,000 |
| Sophomore | $4,500 | $4,000 | $6,000 |
| Junior or Senior | $5,500 | $5,000 | $7,000 |
| Base amount | Additional unsubsidized loan amount | |
| Graduate Professional Students | $8,500 | Unchanged at $12,000 |
Total Aggregate Loan Limits
The Aggregate Limits (total amount of funds you will be allowed to borrow) listed below refer to the total amount of money students are allowed to borrow during that level of their education.
Undergraduate Student |
Graduate Student |
|
Dependent |
Independent |
|
| $31,000 (No more than $23,000 of which can be subsidized) | $57,500 (No more than $23,000 of which can be subsidized) | $138,500 (Only $65,500 can be Direct Subsidized Loans) |
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